Arthur Hayes Says Michael Saylor Isn’t There to Protect Bitcoin Investors
Uk Jin
Summary
- Arthur Hayes said retail investors should not rely too heavily on Strategy’s Bitcoin purchases.
- Hayes said Michael Saylor exists to protect Strategy, its shareholders and the company’s financial products, not any individual investor’s Bitcoin holdings.
- He said investors in Strategy preferred stock are ultimately in a structure that requires them to trust Saylor to keep paying dividends, adding that unconditional trust in someone in the crypto market has rarely ended well.
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Retail investors should not lean too heavily on Strategy’s Bitcoin purchases, Arthur Hayes said.
In an interview cited by Cryptopolitan on May 24, the BitMEX co-founder said Michael Saylor, Strategy’s executive chairman, is there to protect the company, its shareholders and its financial products — not an individual investor’s Bitcoin holdings.
Hayes added that investors in Strategy’s preferred stock are ultimately in a position where they must trust Saylor to keep paying dividends. In the crypto market, that kind of unconditional trust in any one person has rarely ended well, he said.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
